Binary Options Daily Review September 3, 2010
Stocks:
Stocks mounted a modest afternoon rally to close near the day’s highs as investors awaited monthly jobs data on Friday that will shed more light on the economic recovery. The Dow Jones Industrial Average finished up 50.33 points, or 0.49%, at 10319.80. The Nasdaq Composite rose 1.06% to finish at 2200.01 while the Standard & Poor’s 500-stock index gained 0.91% to 1090.08.
Currencies:
The U.S. dollar moved lower in Asian trading Friday afternoon, losing ground against the yen and euro with traders wary ahead of the release of U.S. nonfarm payrolls later in the global day. The EURUSD stood at $1.2824, up from $1.2820 in late North American trading on Thursday.
Commodities:
Silver hit a multiyear high on Thursday, riding the coattails of gold, and copper settled at a four-month high after encouraging housing numbers.
Gold futures on Thursday closed less than half a percentage point away from their record high, resuming their climb as investors continued to use the metal as a means of safeguarding wealth. Gold for December delivery added $5.30, or 0.4%, to $1,253.40 an ounce on the Comex division of the New York Mercantile Exchange. That’s 0.4% away from the June 18 record high of $1,258.30 an ounce, and a fresh two-month high for the metal.
